1523 W 89th St Kansas City, MO 64114

Listing office ParaSell, Inc. j*@cppcre.com Show Phone

Listing date Nov 25, 2025

Source Cppcre

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Investment Insights

Based on property information with market context.

This property features over 4 years remaining on an absolute net lease, with 2.5% annual rental increases during the base term and 3% annual increases throughout the option period. The location is adjacent to Ward Parkway Center, a shopping center with over 550,000 square feet and 6.2 million annual visitors, ranking in the top 2% of Missouri shopping centers. The landlord retains an early termination right for future development. The unit demonstrates strong performance. The current rent is below market at $8.78 per square foot. In Missouri, the property ranks in the top 9% of attractions and the top 10% of leisure properties nationwide based on annual visits. The tenant operates a full bar with a 1 am liquor license and recently installed a new scoring and gaming system. The surrounding residential area is affluent, with average household incomes of $154,000 within a 1-mile radius.

Key Highlights

• Located in an affluent area with high average household incomes.
• Adjacent to Ward Parkway Center, a high‑traffic shopping center (top 2% in Missouri).
• Absolute net lease with 4+ years remaining.

Property Analytics

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FAQs

What type of property is this?

Storefront property - Entertainment property with strong performance and future development potential.

Where is this storefront property located?

The property is located at 1523 W 89th St Kansas City, MO.

What is the asking price?

The asking price for this property is $3,531,000.

What are key features of this property?

This property features: Located in an affluent area with high average household incomes.; Adjacent to Ward Parkway Center, a high‑traffic shopping center (top 2% in Missouri).; Absolute net lease with 4+ years remaining.